2 Stocks to Buy With Dividends Yielding More Than 3%
On an absolute basis, a 3% yield doesn't sound like all that much, but when the S&P 500 Index is yielding a scant 1.5% or so, 3% is pretty generous. The trick, however, is to put the yield into an even broader context. This is why value-conscious investors will probably like 3M (NYSE: MMM) and those with a growth focus will likely appreciate Brookfield Infrastructure Partners (NYSE: BIP).
Iconic industrial stock 3M, formerly known as Minnesota Mining and Manufacturing, is cyclical. That means its results tend to go up and down with broader economic activity, and its stock generally follows along for the ride. So 2020, which included a pandemic-driven recession, was not a particularly good year for the company. Sales were basically flat while adjusted earnings were off by 1.5%. All things considered, that wasn't too bad. That said, the company is looking for revenue growth between 5% and 8% in 2021 and earnings to rise as much as 10%. That is pretty good.
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Source Fool.com
